Christopher E. Galvin, a 58-year-old CEO from Scottsdale, Arizona, has been convicted of wire fraud linked to a fraudulent cannabis investment fund. A federal jury trial concluded that Galvin misled investors regarding the use of their funds, leading to his conviction.
Galvin founded Hypur Ventures II in April 2019 and claimed he would use a victim’s $100,000 investment to support cannabis businesses. However, he did not invest the money as promised. Instead, he used the funds for personal expenses, including legal bills, and to pay others. Despite assuring the investor that they would be reimbursed, Galvin never returned the money.
The investigation was carried out by the Federal Bureau of Investigation’s Phoenix Division. The prosecution was led by Assistant U.S. Attorneys Lindsay Short and Bruce Van Baren. Galvin’s sentencing is set for May 30, 2025, under the oversight of United States District Judge Susan M. Brnovich.
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